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Monday
17

Battle on Margins continues!

 

Choice Cutout averaged $205.09 cwt last week, DN $4.15 cwt from the previous week. The bids by Friday evening were up to $110.00-$111.00. This narrows the Packer Margin Ratio to 54%. Seasonally, expecting CHC Cutout not to bottom until the end of September around $202.50 cwt. The cattle feeder won this weeks battle for margins. Will the packer get it back?


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